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Mackenzie Unconstrained Fixed Income Fund Series LB

Multi-Sector Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-17-2024)
$8.71
Change
$0.02 (0.27%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Mackenzie Unconstrained Fixed Income Fund Series LB

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Fund Returns

Inception Return (December 09, 2019): 0.51%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.73% 0.57% 5.78% 0.57% 3.90% 1.33% -0.45% 0.96% - - - - - -
Benchmark 0.67% 1.56% 7.31% 1.56% 3.76% 2.10% -1.05% -1.60% 0.23% 0.94% 1.24% 1.69% 2.07% 3.07%
Category Average 0.93% 6.51% 6.51% 0.57% 4.70% - - - - - - - - -
Category Rank 237 / 276 163 / 275 197 / 275 163 / 275 165 / 266 103 / 258 122 / 251 167 / 231 - - - - - -
Quartile Ranking 4 3 3 3 3 2 2 3 - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.34% -1.19% 0.49% 0.36% -0.50% -1.27% -0.56% 2.88% 2.80% 0.09% -0.25% 0.73%
Benchmark 1.06% -1.59% -2.01% 0.30% 1.72% -2.75% 1.40% 2.81% 1.36% 0.46% 0.43% 0.67%

Best Monthly Return Since Inception

3.07% (January 2023)

Worst Monthly Return Since Inception

-3.32% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 4.90% -1.49% -7.85% 6.05%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking - - - - - - 3 4 2 3
Category Rank - - - - - - 142/ 230 202/ 248 94/ 258 170/ 266

Best Calendar Return (Last 10 years)

6.05% (2023)

Worst Calendar Return (Last 10 years)

-7.85% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 39.95
Canadian Corporate Bonds 24.79
Foreign Government Bonds 17.74
Cash and Equivalents 9.74
Canadian Government Bonds 3.61
Other 4.17

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.22
Cash and Cash Equivalent 9.75
Utilities 0.52
Consumer Goods 0.51
Energy 0.26
Other 0.74

Geographic Allocation

Geographic Allocation
Name Percent
North America 87.58
Latin America 7.23
Europe 1.95
Asia 1.73
Africa and Middle East 1.43
Other 0.08

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 3.25
United States Treasury 0.50% 15-Apr-2024 2.66
Mackenzie Canadian All Corporate Bond Ix ETF (QCB) 2.38
United States Treasury 3.50% 15-Feb-2033 1.99
Northleaf Private Credit II LP MI 15 1.83
Mackenzie Canadian Short-Term Bond Index ETF (QSB) 1.71
United States Treasury 0.13% 15-Feb-2052 1.41
New Zealand Government 4.25% 15-May-2034 1.33
United States Treasury 0.13% 15-Jul-2024 1.31
Mexico Government 8.50% 01-Mar-2029 1.28

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Mackenzie Unconstrained Fixed Income Fund Series LB

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 4.61% - -
Beta 0.48% - -
Alpha 0.00% - -
Rsquared 0.51% - -
Sharpe -0.64% - -
Sortino -0.97% - -
Treynor -0.06% - -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 - -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.62% 4.61% - -
Beta 0.48% 0.48% - -
Alpha 0.02% 0.00% - -
Rsquared 0.35% 0.51% - -
Sharpe -0.18% -0.64% - -
Sortino 0.38% -0.97% - -
Treynor -0.02% -0.06% - -
Tax Efficiency 59.22% - - -

Fund Details

Start Date December 09, 2019
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2,955

Fund Codes

FundServ Code Load Code Sales Status
MFC8044

Investment Objectives

The Fund aims to provide a positive total return over a market cycle, regardless of market conditions, by investing primarily in fixedincome securities of issuers anywhere in the world and derivative instruments. Any change to the investment objectives must be approved by a majority of votes cast at a meeting of securityholders held for that reason.

Investment Strategy

The Fund may invest in various government and corporate instruments and employ a flexible approach. The Fund is expected to hold a large portion of its assets in high yield debt securities and use fixed-income derivative instruments to reduce volatility. The portfolio manager uses macro and fundamental analysis to select investments and may hold equity investments or cash and short-term debt securities to manage liquidity.

Portfolio Manager(s)

Name Start Date
Dan Cooper 12-09-2019
Konstantin Boehmer 12-09-2019
Movin Mokbel 12-09-2019
Steve Locke 12-09-2019

Management and Organization

Fund Manager Mackenzie Financial Corporation
Advisor Mackenzie Financial Corporation
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
Distributor LBC Financial Services Inc.
Auditor Deloitte LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.47%
Management Fee 1.10%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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